Member Info for kld1

why does it always feel like one step forward two steps back

Stock will sadly go nowhere

I think its important to remember that even if the results on work done are successful the probability of this been reflected in the share price sadly is very little. Also the currency is weakening every day so every day we get paid less for a barrel of oil. It's all about managing a very difficult situation which way go on for years.

If Argentina want to fix oil at 59pb on a free floating peso ill do that trade for the next 5 years

Now you know how F++k++ we are

Please tell me you are joking with me think you need to take a look at the math.
59 pb
@
45.19 peso
all PPC oil sold domestically
works in US$
receives 45.19 converts to $ = 45.19peso / (today) 56 peso = .80 $cents
therefore 59 pb = 59x.80= 47.2 $$$$$$$$$$$$$$$$$$PPPPPPPPPPPPPPBBBBBBBBBBBBBB !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

ACTUALLY IT IS A LITTLE HIGHER !

TRY 43 not 59

At 4.5p or better id like to see president buy back some shares. 5% would cost just over $3m.

Everybody is entitled to an opinion

However what is indisputable is the following

As long as we can remember this stock has traded at a discount to fair value.

Given the current mess in Argentina

this stock is NOW and Will trade at a wider discount to fair value even if the company is making good progress.

This is a FACT

NO HIDING FROM IT

.......like a stone

Sadly this is all unravelling as i thought it might. Very sad and bloody annoying given the company was finally beginning to make headway as too was Argentina. PL is doing the right thing here by the way.
With the stock trading at almost 5 pence I think the company should RNS its decision to buyback stock when it considers it appropriate. A reduction of 10% is only just over $5m. I can't remember the lowest placing price but anything below that the company should seriously consider over what will be a turbulent year.
Any other ideas ????

That is the best case scenario just to be clear

This stock for the last god knows how many years has traded at a big discount to fair value. Be under no illusion that this discount to FV has increased and is very unlikely to tighten with this government coming in. So another 4 years not good

stock moving to a matched basis

If CFK wins it is game over

Let's put this very simply ........... no one in the World is going to invest in argentina anymore end of story if the ***** gets in

when the lights go out they'll be NO nodding donkeys!!!
Nobody will buy assets in Argentina

55.75 to the dollar

CFK = MUGABE

Do not be surprised if the stock hits 5 pence this week and don't expect it to trade to the upside unless there is a huge shock in October. Sadly even good news from PPC will not help